California Auction Bond Overview
- Purpose: To ensure auctioneers follow state law and operate honestly
- Who Needs It: All auctioneers and auction companies in California
- Regulating Body: The California Secretary of State — Special Filings Unit
- Bond Amount: $20,000
- Premium Price: $350
What Is a California Auctioneer or Auction Company Bond?
A California auction bond protects the public from fraudulent or negligent acts by auctioneers and auction companies. You need a $20,000 surety bond to perform auction services in the state.
How Much Do Auctioneer Bonds Cost in California?
California auctioneer bonds cost a flat rate of $350 for a two-year term. Buy your bond instantly below — no credit check required!
SuretyBonds.com offers the lowest available rates from our nationwide provider network with no added fees.
How Does a California Auction Bond Work?
Like all auction bonds, this bond forms a legal contract between you, the state and the surety.
| Bond Party | Description |
|---|---|
| Principal | The auctioneer or auction company purchasing the bond |
| Obligee | The California Secretary of State requiring the bond |
| Surety | The issuing surety provider |
If you break state law, harmed parties can file claims against your bond. The surety will pay valid claims up to the full $20,000 amount. However, you’re responsible for repaying the surety.
How Do I Get Bonded?
Getting bonded only takes a few minutes! Just enter your information and a payment method. We’ll email the official bond form within minutes of purchase.
Can I Get Bonded With Bad Credit?
Yes! This bond is available for instant purchase with no credit check.
How Do I Renew My Bond?
California auctioneer bonds expire every two years. We’ll send you reminders starting 90 days before expiration. Once you pay the attached invoice, your bond will be extended for another term.
Can I Make Changes to My Bond?
Yes, you can typically make minor changes to your bond by emailing [email protected]. We’ll issue a bond rider to file with the Secretary of State.
Do You Need a License to Be an Auctioneer in California?
The Secretary of State doesn’t issue an official license for auctioneers or auction companies. All you need to do is file a $20,000 surety bond and pay the $30 filing fee. As long as you maintain an active bond policy, you can conduct auctions in the state.
